Acceptance Proceeds definition

Acceptance Proceeds means the cash proceeds derived from the sale of a specified Acceptance before deduction of the Stamping Fee.

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Acceptance Proceeds for any Lender means the net cash proceeds realized on the purchase by the Lender of its participation in an issue of Bankers' Acceptances pursuant to this Agreement after deduction of the applicable Acceptance Fee payable thereon;

Acceptance Proceeds means, in respect of any Draft, an amount equal to the face amount thereof less the sum of (i) the banker's acceptance discount rate for such maturity then being generally quoted by the Bank (unless a different discount rate was quoted by the Bank in connection with such request and was accepted by Brookwood, in which case such quoted rate shall control) (the "Discount Charge"), the Discount Charge being calculated on the face amount of each Draft so accepted for the actual number of days in the period from the date thereof to the date of its maturity and on the basis of a year of 360 days and (ii) a per annum acceptance commission (the "Acceptance Commission") equal to 2.0% of the face amount of each Draft.

Examples of Acceptance Proceeds in a sentence

• Subject to the foregoing provisions of this Section 2.04(m), the Borrowing (or portion thereof) requested to be rolled over shall be rolled over in accordance with the Borrowing Request and the Net Acceptance Proceeds derived from the Rollover shall be retained by each Canadian Tranche Lender for its own account.

• Each accepting Canadian Tranche Lender shall be entitled to deduct from the Acceptance Proceeds to be remitted to the Canadian Agent pursuant to Subsection 2.04(e)(ii) the stamping fee payable to it as determined in accordance with this Section 2.04(f).

• Subject to the foregoing provisions of this Section 2.04(l), the Borrowing (or portion thereof) requested to be converted shall be converted in accordance with the Borrowing Request and any Net Acceptance Proceeds derived from the Conversion shall be retained by each Canadian Tranche Lender for its own account.

• Such Net Acceptance Proceeds, when received by the Canadian Agent, will be advanced by bank transfer to the credit of the applicable Canadian Borrower’s account.

• The Net Acceptance Proceeds for any Acceptances purchased by a Canadian Tranche Lender may be determined in accordance with the following formula: where n is the number of days to elapse in the term of the Acceptances, CDOR BA Rate is the applicable rate for such Acceptance and is expressed as a decimal and AR is the Applicable Rate with respect to the Stamping Fee.

• The Lender shall pay the Acceptance Proceeds of each issue of Acceptances to the Local Agent on the requested borrowing date in exchange for delivery of such Acceptances.

• The Lender shall be entitled to deduct from the Acceptance Proceeds to be remitted to the Local Agent pursuant to Section 2.4, the Stamping Fee payable to it as determined in accordance with this Section 2.5.

• Each determination by the Global Administrative Agent of the Stamping Fee, the BA Discount Rate and the Bankers’ Acceptance Proceeds shall, in the absence of manifest error be presumed correct.

• The Syndicated Canadian Bank shall provide, to the account of the Global Administrative Agent, the Bankers’ Acceptance Proceeds less the Stamping Fee payable by the Canadian Borrower with respect to the Bankers’ Acceptance.

• The Canadian Borrower authorizes and directs the Syndicated Canadian Banks to deduct from the Bankers’ Acceptance Proceeds of Bankers’ Acceptances purchased by such Syndicated Canadian Bank for its own account, the amount of each such Stamping Fee upon the issue of each Bankers’ Acceptance.

More Definitions of Acceptance Proceeds

Acceptance Proceeds as defined in subsection 2.6(d).

Acceptance Proceeds means the cash proceeds realized on creation of an Acceptance by a Canadian Lender on the date of creation of such Acceptance. Acquisition means (a) any acquisition or merger by the Company or any Restricted Subsidiary in the Financial Group of or with any other Person which owns or operates newspapers or other similar publication businesses or printing businesses, which acquisition or merger has been approved and recommended in writing by the Board of Directors of the Person to be acquired or, if such Board approval is not required or practicable, which merger or acquisition otherwise has been made and consummated without any hostile or antagonistic measures, which Person shall then become consolidated with the Company or any such Restricted Subsidiary in accordance with GAAP, or (b) any acquisition by the Company or any Restricted Subsidiary in the Financial Group of the assets of any Newspaper Business which acquisition has been approved and recommended in writing by the Board of Directors of the business whose assets are being acquired or, if such Board approval is not practicable, which acquisition otherwise has been made and approved without any hostile or antagonistic measures; provided, however, with respect to both clause (a) and clause (b), that the requirement for Board of Director approval and lack of hostile and antagonistic measures shall not apply to the Approved Acquisition. Acquisition Assumption - see Section 14.20.